Quarterly Installments definition

Quarterly Installments means that MGE will pay each Annual Community Impact Fee to the Town in four equal, quarterly installments over the course of a 365-day period (366 days when the period includes February 29th of a leap year), with the first installment due on the day the Project is first Open for Business to the General Public, or the annual anniversary thereof, and each of the three subsequent installments each year due on the same date of the month of the first installment, but three, six, and nine months thereafter. By way of example, if the Project is first Open for Business to the General Public on June 10th, then the first quarterly installment would be due on that date and the subsequent quarterly installments would be due on September 10th, December 10th, and March 10th. If the date for payment of a quarterly installment falls on a weekend or holiday, MGE will pay that quarterly installment on or before the next following business day. MGE may pay at its election any quarterly installment before it is due; any such early payment by MGE of a quarterly installment will not change the dates on which subsequent quarterly installments are due.
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Quarterly Installments means the quarterly installments in which the Second Phase Reimbursement Amount must be paid, the amount and number of which are determined in accordance with Section 3.1 (subject to the other provisions of this Agreement) .
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Quarterly Installments means payments, to be made on each January 1, April 1, July 1 and October 1, equal to one quarter of the then applicable Annual Rent, with appropriate adjustments made for changes in the number of Building Square Feet during the relevant period. Exhibit A to the Lease is amended to read in its entirety as follows: Commerce Center at Ench▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇, ▇▇▇▇▇ ▇, ▇▇ the same is shown and designated on the plat entitled "SUMMARY PLAT, LOT ▇▇, ▇▇▇▇▇ ▇, ▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇ ▇▇ ▇▇▇CK A AND A PORTION OF UNPLATTED LANDS, COMMERCE CENTER AT ENCHANTED HILLS, WITHIN THE UNPLATTED PORTION OF UNIT TWENTY, BEING A PORTION OF SECT▇▇▇ ▇▇, ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ PRINCIPAL MERIDIAN, CITY OF RIO RANCHO, SAND▇▇▇▇ ▇▇▇NTY, NEW MEXICO", filed in the office of the County Clerk of Sand▇▇▇▇ ▇▇▇nty, New Mexico on October 27, 1995 in Vol. 3, Folio 1333-B, Instrument No. ▇▇▇▇▇ (▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Plat Book No. 8, page 50).
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Examples of Quarterly Installments in a sentence

  • All prepayments of the Term Loan shall be applied first to the Balloon Installment, until paid in full, and then pro rata against the remaining Quarterly Installments.

  • For the avoidance of doubt, on the Maturity Date (subject to extension in accordance with Section 1 of this Note) the outstanding principal balance of this Note together with all accrued interest (net of any Quarterly Installments which were forfeited pursuant to the terms of this Section 3) shall be due and payable and shall be paid in full by the Maker to the Payees on the Maturity Date (as extended in accordance with Section 1 of this Note).

  • The Quarterly Installments shall be payable on a fiscal quarterly basis, no later than the fifteenth (15th) day after the end of such fiscal quarter, beginning with the fiscal quarter in which the Issuance Date occurs.

  • So long as any of the Quarterly Installments shall remain unpaid, Lessee will not, without the prior written consent of the Lessor, cause, permit, or suffer any change, direct or indirect, in the capital ownership of Lessee.

  • In case that Lessee has fully paid up the Quarterly Installments to Lessor for an Equipment pursuant to this Agreement, the title to or ownership of such Equipment shall be automatically and immediately transferred from Lessor to Lessee.

  • The remaining three Quarterly Installments shall be paid to the Executive within one hundred and twenty (120) days of the payment of the prior Quarterly Installment.

  • In the event of a Change in Control of the Company, immediately prior to the effectiveness of the Change in Control, four additional Quarterly Installments shall also be deemed vested.

  • If the value of my deferred compensation account is $25,000 OR GREATER as of the last day of the month in which I retire or terminate my service on the board, I elect the following form of distribution: _____20 Quarterly Installments (5 years) - Beginning the first full quarter after the quarter of retirement or termination of service.

  • Where: P = P/E Fee I = Quarterly Installments paid toward the minimum base fee during AP C = Merchandise Credit earned during AP (All figures in U.S. Dollars) Example 1: ---------- Assuming purchases of merchandise F.O.B.C. by the ITI-GROUP through A&A of $130,000,000 during an Annual Period, the formula would have the results indicated below: $731,300-[($88,750x4)+($130,000,000x0.0025)]=$51,300 The ITI-GROUP would pay A&A $51,300 on or before August 31.

  • The City shall, at any time upon reasonable written request by EPC, provide to any interested parties an estoppel certificate or other document evidencing whether this Agreement is in full force and effect, that no event of default by EPC exists hereunder (or, if appropriate, specifying the nature and duration of any existing event of default), the status of the payment of Phase Quarterly Installments and/or any other obligations set forth in this Agreement.


More Definitions of Quarterly Installments

Quarterly Installments means payments, to be made on each March 20, June 20, September 20 and December 20, equal to one quarter of the then applicable Annual 2 Rent, with appropriate adjustments made for changes in the number of Building Square Feet during the relevant period. Other terms are defined throughout this Lease.
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Quarterly Installments means that MGE will pay each Annual Community Impact Fee to the Town in four equal, quarterly installments over the course of a 365-day period (366 days when the period includes February 29th of a leap year), with the first installment due on the day the Project is first Open for Business to the General Public, and thereafter on the annual anniversary of that day, and each of the three subsequent installments each year due on the same date of the month of the first installment, but three, six, and nine months thereafter. By way of example, if the Project is first Open for Business to the General Public on June 10th, then the first quarterly installment would be due on that date and the subsequent quarterly installments would be due on September 10th, December 10th, and March 10th. If the date for payment of a quarterly installment falls on a weekend or holiday, MGE will pay that quarterly installment on or before the next following business day. MGE may pay at its election any quarterly installment before it is due; any such early payment by MGE of a quarterly installment will not change the dates on which subsequent quarterly installments are due.
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Related to Quarterly Installments

  • Annual Installment means the portion of the PACE loan that is due and payable for a particular year under the supplemental agreement.

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.